Kering SA Correlations

PPRUY Stock

USD 35.56 1.44 3.89%

The current 90-days correlation between Kering SA and Oriental Land Co is -0.19 (i.e., Good diversification). The correlation of Kering SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Kering SA Correlation With Market

Modest diversification

The correlation between Kering SA and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kering SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kering SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kering SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kering SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kering SA to buy it.

Moving together with Kering Pink Sheet

0.87

PPRUF

Kering SA

Pair Corr

Moving against Kering Pink Sheet

0.46	PPERY	Bank Mandiri Persero	Pair Corr
0.45	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.42	TLK	Telkom Indonesia Tbk	Pair Corr
0.37	EC	Ecopetrol SA ADR	Pair Corr
0.4	DD	Dupont De Nemours	Pair Corr
0.38	FTV	Fortive Corp	Pair Corr
0.37	PFE	Pfizer Inc	Pair Corr
0.35	VZ	Verizon Communications	Pair Corr
0.35	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	OLCLF	JDCMF	HNDAF	NCBDY	DRPRY	DNZOY	ANCTF	DRPRF	MAHMF	DNZOF
OLCLF		0.62	0.32	0.91	-0.66	0.49	-0.43	-0.62	-0.15	0.49	OLCLF
JDCMF	0.62		0.41	0.67	-0.31	0.56	-0.13	-0.34	-0.24	0.51	JDCMF
HNDAF	0.32	0.41		0.48	-0.13	0.51	-0.07	-0.09	-0.2	0.29	HNDAF
NCBDY	0.91	0.67	0.48		-0.49	0.68	-0.39	-0.51	-0.24	0.58	NCBDY
DRPRY	-0.66	-0.31	-0.13	-0.49		-0.17	0.16	0.78	0.1	-0.24	DRPRY
DNZOY	0.49	0.56	0.51	0.68	-0.17		0.1	-0.33	-0.56	0.73	DNZOY
ANCTF	-0.43	-0.13	-0.07	-0.39	0.16	0.1		-0.06	-0.05	0.04	ANCTF
DRPRF	-0.62	-0.34	-0.09	-0.51	0.78	-0.33	-0.06		0.11	-0.34	DRPRF
MAHMF	-0.15	-0.24	-0.2	-0.24	0.1	-0.56	-0.05	0.11		-0.35	MAHMF
DNZOF	0.49	0.51	0.29	0.58	-0.24	0.73	0.04	-0.34	-0.35		DNZOF
	OLCLF	JDCMF	HNDAF	NCBDY	DRPRY	DNZOY	ANCTF	DRPRF	MAHMF	DNZOF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NCBDY	+ 0.91	OLCLF
DRPRF	+ 0.78	DRPRY
DNZOF	+ 0.73	DNZOY
DNZOY	+ 0.68	NCBDY
NCBDY	+ 0.67	JDCMF
JDCMF	+ 0.62	OLCLF

High negative correlations

DRPRY	- 0.66	OLCLF
DRPRF	- 0.62	OLCLF
MAHMF	- 0.56	DNZOY
DRPRF	- 0.51	NCBDY
DRPRY	- 0.49	NCBDY
ANCTF	- 0.43	OLCLF

Risk-Adjusted Indicators

There is a big difference between Kering Pink Sheet performing well and Kering SA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kering SA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OLCLF	1.54	(0.58)	0.00	1.53	0.00	0.00	0.00	(9.82)	27.57
JDCMF	3.55	(0.35)	0.00	(0.15)	0.00	0.00	8.18	(14.71)	33.54
HNDAF	2.13	(0.06)	0.00	(0.80)	0.00	0.00	6.53	(6.04)	20.53
NCBDY	1.32	(0.28)	0.00	(6.45)	0.00	0.00	2.38	(3.27)	10.86
DRPRY	1.42	0.05	0.03	0.11	1.60	(1.76)	3.71	(2.49)	9.35
DNZOY	1.36	(0.17)	0.00	(0.08)	0.00	0.00	2.80	(2.95)	9.34
ANCTF	1.15	(0.03)	(0.04)	0.01	1.41	(1.33)	2.72	(2.20)	7.42
DRPRF	1.23	0.20	0.04	(1.10)	1.51	(2.45)	3.72	(4.26)	12.88
MAHMF	0.59	0.05	(0.01)	(0.13)	1.02	(3.28)	1.83	(2.10)	13.07
DNZOF	4.51	0.00	0.00	0.06	5.75	(4.72)	9.14	(8.50)	28.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kering SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Kering SA Corporate Management

FranoisHenri Pinault	Chairman CEO	Profile
Eric Sandrin	Legal Director	Profile
Valrie Duport	Chief Officer	Profile
Concetta Battaglia	Head Director	Profile
Batrice Lazat	Chief Officer	Profile

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